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1 – 10 of over 3000
Article
Publication date: 5 March 2024

Cristian Pinto-Gutiérrez

This study aims to investigate the relationship between business group affiliation and CO2 emissions in Chile, providing insights into the pollution externalities associated with…

Abstract

Purpose

This study aims to investigate the relationship between business group affiliation and CO2 emissions in Chile, providing insights into the pollution externalities associated with business group structures and their implications for environmental performance.

Design/methodology/approach

A hand-matched sample of industrial facilities and subsidiaries of listed firms in Chile was utilized to analyze the CO2 emissions of business group-affiliated firms compared to stand-alone firms. Fixed-effect regression analysis and propensity score matching were employed to examine the differences in emissions levels.

Findings

The results suggest that firms affiliated with business groups have higher CO2 emissions in comparison to similar stand-alone firms. This suggests that business group structures may weaken the pressures for emission reduction and maintenance of public legitimacy among affiliated firms.

Research limitations/implications

The findings of this study are subject to certain limitations, such as the use of a specific dataset from Chile and the inability to explore certain factors due to data constraints. For instance, we were unable to examine the separation between control and cash-flow rights as well as the influence of manager characteristics on pollution levels. Future research should address these limitations and expand the analysis to other emerging market countries to further investigate the impact of lax or ineffective environmental regulations on pollution outcomes.

Practical implications

The research findings have practical implications for investors and policymakers. Investors interested in environmentally sustainable investments should consider the higher pollution levels associated with business group-affiliated firms. Policymakers can use these findings to design more effective regulations and incentives to encourage emission reduction efforts within business group structures.

Social implications

The study’s results emphasize the need for a comprehensive understanding of the environmental implications of business group affiliation. By recognizing the potential for higher emissions in business group structures, stakeholders can advocate for sustainable practices, encourage transparency and promote responsible environmental management within corporate entities.

Originality/value

This study contributes to the literature on corporate governance, climate risks and pollution externalities by providing an empirical evidence on the relationship between business group affiliation and CO2 emissions. It highlights the importance of considering the influence of corporate structures on environmental performance, particularly in the context of emerging market economies.

Objetivo

Este estudio tiene como objetivo investigar la relación entre la afiliación a grupos empresariales y las emisiones de CO2 en Chile, proporcionando información sobre las externalidades de contaminación asociadas con las estructuras de grupos empresariales y sus implicaciones para el desempeño ambiental de las empresas.

Diseño/Metodología/Aproximación

Se utilizó una muestra recolectada de manera manual de instalaciones industriales y subsidiarias de empresas listadas en Chile para analizar las emisiones de CO2 de empresas afiliadas a grupos empresariales en comparación con empresas independientes. Se emplearon análisis de regresión de efectos fijos y modelos de emparejamiento por puntaje de propensión para examinar las diferencias en los niveles de emisiones.

Hallazgos

Los resultados sugieren que las empresas afiliadas a grupos empresariales tienen mayores emisiones de CO2 en comparación con empresas independientes similares. Esto sugiere que las estructuras de grupos empresariales pueden debilitar las presiones para la reducción de emisiones y el mantenimiento de la legitimidad pública entre las empresas afiliadas.

Originalidad

Este estudio contribuye a la literatura sobre gobierno corporativo, riesgos climáticos y externalidades de contaminación al proporcionar evidencia empírica sobre la relación entre la afiliación a grupos empresariales y las emisiones de CO2. Destaca la importancia de considerar la influencia de las estructuras corporativas en el rendimiento ambiental, especialmente en el contexto de las economías de mercados emergentes.

Limitaciones/Implicaciones de la Investigación

Los hallazgos de este estudio están sujetos a ciertas limitaciones, como el uso de un conjunto de datos específico de Chile y la incapacidad para explorar ciertos factores debido a restricciones de datos. Por ejemplo, no pudimos examinar la influencia de las características de los ejecutivos de las empresas en los niveles de contaminación. Investigaciones futuras deberían abordar estas limitaciones y ampliar el análisis a otros países de mercados emergentes para investigar más a fondo el impacto de regulaciones ambientales laxas o ineficaces en los resultados de contaminación.

Implicaciones Prácticas

Los hallazgos de la investigación tienen implicaciones prácticas para inversores y responsables políticos. Los inversores interesados en inversiones ambientalmente sostenibles deben tener en cuenta los niveles más altos de contaminación asociados con empresas afiliadas a grupos empresariales. Los responsables políticos pueden utilizar estos hallazgos para diseñar regulaciones más efectivas e incentivos para fomentar los esfuerzos de reducción de emisiones dentro de las estructuras de grupos empresariales.

Implicaciones Sociales

Los resultados del estudio enfatizan la necesidad de comprender de manera integral las implicaciones ambientales de la afiliación a grupos empresariales. Al reconocer el potencial de mayores emisiones en las estructuras de grupos empresariales, los interesados pueden abogar por prácticas sostenibles, fomentar la transparencia y promover una gestión ambiental responsable dentro de las entidades corporativas.

Article
Publication date: 22 May 2020

Aries Susanty, Nia Budi Puspitasari, Singgih Saptadi and Shinta Devi Siregar

This study aims to create the causal relationship between transportation behavior to Karimunjawa, the number of tourists and the amount of CO2 produced; calculate the reduction of…

Abstract

Purpose

This study aims to create the causal relationship between transportation behavior to Karimunjawa, the number of tourists and the amount of CO2 produced; calculate the reduction of CO2 emissions from the transportation to Karimunjawa based on several proposed policy scenarios; and formulate the managerial implication and recommendation to support the implementation of several proposed policy scenarios.

Design/methodology/approach

This study develops a system dynamics‐based model by using three sub-systems, i.e. “the number of tourist sub-system,” “the switching behavior of tourist travel sub-system” and “the CO2 emission sub-system.”

Findings

The simulation results have shown that, under the current situation, tourist travel behavior should be changed to maximum condition to get the minimum CO2 emission. Improvement of the behavior of tourist in selecting the mode of transportation and the departure point of mini-tour bus and ferry are an effective way to reduce the CO2 emission.

Research limitations/implications

This study only considers limited variables as the driver of the level of change of the capacity of Karimunjawa and the road as well as the variables as the driver of tourism growth. This study only focuses on CO2 emission from the direct impacts of tourist travel; this study does not consider the indirect impact of tourism activity on CO2 emissions. International air travel is not included in the present study.

Practical implications

From a managerial perspective, this study demonstrates that change in the tourist travel behavior is generally not effective in triggering CO2 emission reduction, unless it is accompanied by the strict restriction policy related to the tourist route.

Social implications

This study has the potential to raise societal awareness that the causality of tourist growth and CO2 emissions should be seen as the impact of tourist travel behavior. In this case, to modify the travel behavior, tourist needs to change their mode of transportation to more sustainable transportation.

Originality/value

This paper intends to fill the literature gap of the effect of tourism growth from two perspectives, namely, tourist travel behavior and environmental. The modeling of tourist transport and CO2 emission will provide an overview of the selection of the problem-solving mode for tourist transport that can give a significant contribution to the greenhouse gas emissions reduction to the environmental.

Details

Kybernetes, vol. 50 no. 5
Type: Research Article
ISSN: 0368-492X

Keywords

Open Access
Article
Publication date: 27 September 2023

Awa Traoré and Simplice Asongu

A promising solution to meet the challenge of sustainability and ensure the protection of the environment consists in acting considerably on the adoption and use of new…

Abstract

Purpose

A promising solution to meet the challenge of sustainability and ensure the protection of the environment consists in acting considerably on the adoption and use of new information and communication technologies. The latter can act on the protection of the environment; completely change manufacturing processes into energy-efficient, eco-friendly techniques or influence institutions and governance. The article attempts to cover shortcomings in the literature by providing a couple of theoretical frameworks and grounded empirical proofs for the dissemination of green technologies and the interaction of the latter with institutional quality.

Design/methodology/approach

The sample is made up of 43 African countries covering the period 2000–2020 and a panel VAR modeling approach is employed.

Findings

Our results show that an attenuation of CO2 emissions amplifies the diffusion of digital technologies (mobile telephones and Internet). Efficiency in the institutional quality of African countries is mandatory for environmental preservation. Moreover, the provision of a favorable institutional framework in favor of renewable energy helps to stimulate environmental performance in African states.

Originality/value

This study complements the extant literature by assessing nexuses between green technology and CO2 emissions in environmental sustainability.

Details

Management of Environmental Quality: An International Journal, vol. 35 no. 2
Type: Research Article
ISSN: 1477-7835

Keywords

Open Access
Article
Publication date: 10 August 2021

Yaswanth Karedla, Rohit Mishra and Nikunj Patel

The purpose of this study is to examine the impact of economic growth, trade openness and manufacturing on CO2 emissions in India.

2578

Abstract

Purpose

The purpose of this study is to examine the impact of economic growth, trade openness and manufacturing on CO2 emissions in India.

Design/methodology/approach

The study employed autoregressive distributive lag (ARDL) bounds test approach and uses CO2 emissions, trade, manufacturing and GDP per capita to examine the relationship using an annual time series data from World Development Indicators during 1971 to 2016.

Findings

Results depict that there exists a long-run relationship between CO2 emissions and other variables. Trade openness significantly reduces CO2 emissions, whereas manufacturing and GDP have a significant and positive impact on CO2 in the long run.

Research limitations/implications

The findings of the study contribute to the body of knowledge by providing new evidence on the relationship between developmental metrics and the environment. These findings are critical for policymakers and regulatory bodies to focus on economic development without jeopardizing environmental degradation.

Practical implications

In order to keep its commitment to sustainability, India needs to develop policies that encourage cleaner production methods and establishment of non-polluting industries. Simultaneously, it must disincentivize industries that emit CO2 by policy frameworks such as carbon taxes, pollution taxes or green taxes.

Originality/value

None of studies examine at how these environmental factors interact in India. Kilavuz and Dogan (2020) used the same variables, but their scope was limited to Turkey. As a result, the study is the first to examine this relationship for India, contributing to the body of knowledge on economic growth, manufacturing, trade openness and environmental concerns.

Details

Journal of Economics, Finance and Administrative Science, vol. 26 no. 52
Type: Research Article
ISSN: 2218-0648

Keywords

Article
Publication date: 19 October 2010

Gobinda Chowdhury

The purpose of this paper is to produce figures showing the carbon footprint of the knowledge industry – from creation to distribution and use of knowledge, and to provide…

3028

Abstract

Purpose

The purpose of this paper is to produce figures showing the carbon footprint of the knowledge industry – from creation to distribution and use of knowledge, and to provide comparative figures for digital distribution and access.

Design/methodology/approach

An extensive literature search and environmental scan was conducted to produce data relating to the CO2 emissions from various industries and activities such as book and journal production, photocopying activities, information technology and the internet. Other sources such as the International Energy Agency (IEA), Carbon Monitoring for Action (CARMA ), Copyright Licensing Agency, UK (CLA), Copyright Agency Limited, Australia (CAL), etc., have been used to generate emission figures for production and distribution of print knowledge products versus digital distribution and access.

Findings

The current practices for production and distribution of printed knowledge products generate an enormous amount of CO2. It is estimated that the book industry in the UK and USA alone produces about 1.8 million tonnes and about 11.27 million tonnes of CO2 respectively. CO2 emission for the worldwide journal publishing industry is estimated to be about 12 million tonnes. It is shown that the production and distribution costs of digital knowledge products are negligible compared to the environmental costs of production and distribution of printed knowledge products.

Practical implications

Given the astounding emission figures for production and distribution of printed knowledge products, and the associated activities for access and distribution of these products, for example, emissions from photocopying activities permitted within the provisions of statutory licenses provided by agencies like CLA, CAL, etc., it is proposed that a digital distribution and access model is the way forward, and that such a system will be environmentally sustainable.

Originality/value

It is expected that the findings of this study will pave the way for further research and this paper will be extremely helpful for design and development of the future knowledge distribution and access systems.

Details

Journal of Documentation, vol. 66 no. 6
Type: Research Article
ISSN: 0022-0418

Keywords

Article
Publication date: 9 August 2022

Mirela Panait, Laeeq Razzak Janjua, Simona Andreea Apostu and Constanta Mihăescu

Carbon dioxide emissions affect the environment, presenting major implications for sustainable development and consequently model climate change policies. The main aim of the…

Abstract

Purpose

Carbon dioxide emissions affect the environment, presenting major implications for sustainable development and consequently model climate change policies. The main aim of the paper is to highlight the factors leading to CO2 emissions in Latin America.

Design/methodology/approach

The analysis was performed using data for 1990–2020 and panel regression and STATA software.

Findings

The results highlighted that the variables have significantly influence CO2 emissions in case of the countries in the sample.

Originality/value

The novelty of the paper consists in using all financial inflows of together (foreign direct investment, official development assistance and remittences), Latin America heavily in-flowed with remittances from the USA. Since Latin America is enriched with forest areas, the authors also covered this variable in the estimations. Urbanization and transportation are induced by remittance inflows, thus wellbeing was incorporated in the model. The conclusion of the study demonstrates the need for complex measures involving public-private partnerships, public awareness of the need for energy transition and the involvement of foreign-owned companies that must not only pursue their own interests but also generate positive economic, environmental, and social externalities in host countries.

Details

Kybernetes, vol. 52 no. 11
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 January 2006

Margery Stapleton, Helena Lenihan, Sheila Killian, Breda O'Sullivan and Kemmy Business

Under the Kyoto Protocol Ireland is committed to ensuring that its greenhouse gas emission levels are at or below 113 per cent of 1990 levels for the years 2008–2012. Irish…

Abstract

Under the Kyoto Protocol Ireland is committed to ensuring that its greenhouse gas emission levels are at or below 113 per cent of 1990 levels for the years 2008–2012. Irish emissions have already exceeded this limit by approximately 10 to 15 per cent and must be reduced if the Kyoto Protocol targets are to be met. In this context, and drawing on relevant theory and research, this paper discusses the rationale for, and the potential impact of, government intervention in the market for carbon dioxide (CO2) emissions. The use of a Carbon Tax as a policy tool in reducing CO2 emissions is examined from both economic and taxation perspectives. Particular attention is paid to the Irish National Climate Change Strategy formulated in 2000 and the consultation process on implementing a Carbon Tax initiated by the Department of Finance in 2003. In September 2004 the Irish Government decided not to implement the proposed Carbon Tax. Submissions from interested parties on the carbon tax consultation process are reviewed against the rationale for implementation of such a tax. The body of evidence presented in this paper supports the implementation of a Carbon Tax—suggesting that the decision not to implement such a tax may have been a lost opportunity. The paper argues that a well‐designed Carbon Tax for Ireland, a simple levy on a close proxy for emissions, would be effective in influencing taxpayer behaviour bringing about a reduction in Ireland's CO2 emissions and supporting the polluter pays principle. In the absence of a carbon tax Ireland's Kyoto target is unlikely to be met and the consequent financial penalties will fall on all taxpayers. The paper concludes that the Irish Government should revisit this decision.

Details

Social Responsibility Journal, vol. 2 no. 1
Type: Research Article
ISSN: 1747-1117

Article
Publication date: 1 September 2008

Ken-ichi Ishida

Japan signed the Kyoto Protocol to reduce the nation's carbon dioxide (CO2) emission by 6% below the 1990 level. The housing industry is no exception being required to reduce the…

Abstract

Japan signed the Kyoto Protocol to reduce the nation's carbon dioxide (CO2) emission by 6% below the 1990 level. The housing industry is no exception being required to reduce the negative impact of the housing delivery on the environment. Today, all newly-constructed detached houses being built by Sekisui House Ltd. are designed to alleviate the societal pressure, accompanied basically with the following techniques and/or technologies: (1) the reduction of energy use relating to air-conditioning by improving the houses' insulation performance to meet Japan's energy saving standard set in 1999, as well as ventilation by making use of a passive ventilation system driven by stack effect; (2) the reduction of energy consumption that derives from domestic hot water by applying a high-efficient water heater, where the system performance is improved from 80% to 95% of the efficiency-today, Japanese housing manufacturers also tend to promote the installation of a gas engine cogeneration system and air-source heat pump water heater in housing; (3) the micro-power generation by the installation of solar photovoltaic (PV) power generation system; and (4) the cooling effect achieved by tree shading, which helps lower the ambient temperature around buildings during the summer. The company's ‘Action Plan 20’ reflects the global warming prevention (or CO2 emission reduction) strategy, considered to be effective in the delivery of low-carbon housing in Japan.

Details

Open House International, vol. 33 no. 3
Type: Research Article
ISSN: 0168-2601

Keywords

Article
Publication date: 1 July 1966

C.W. Tuck, M. Odgers and K. Sachs

The work described in this paper is part of a current programme that has two objects: (1) to investigate further the reasons for the different scaling behaviour of steel in steam…

Abstract

The work described in this paper is part of a current programme that has two objects: (1) to investigate further the reasons for the different scaling behaviour of steel in steam and carbon dioxide, although these gases have similar oxygen potentials; (2) to provide background information for an investigation into the effect of variations in re‐heating furnace atmospheres upon scaling and scale adhesion.

Details

Anti-Corrosion Methods and Materials, vol. 13 no. 7
Type: Research Article
ISSN: 0003-5599

Article
Publication date: 1 August 1993

Udo E. Simonis

The inherent linkages between climate and the habitability of theEarth are increasingly well recognized, and a convention could help toensure that conserving the environment and…

Abstract

The inherent linkages between climate and the habitability of the Earth are increasingly well recognized, and a convention could help to ensure that conserving the environment and developing the economy in the future must go hand in hand. Due to growing environmental concern, the United Nations General Assembly has set into motion an international negotiating process for a framework convention on climate change. One of the specific tasks in these negotiations is how to share the duties in reducing climate relevant gases, particularly carbon dioxide, between the industrial and the developing countries. The respective proposals could be among the most far‐reaching ever for socio‐economic development, indeed for global security and survival itself. While the negotiations will be about climate and protection of the atmosphere, they could lead to fundamental changes in energy, forestry, transport and technology policies, and to future development pathways with low greenhouse gas emissions. Addresses some of these aspects of a climate convention and a respective CO⊂2‐agreement, the Houston Protocol.

Details

International Journal of Social Economics, vol. 20 no. 8
Type: Research Article
ISSN: 0306-8293

Keywords

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